Hello @remlaps,

None of the examples you provided conceptually align with my vision for what SVM could become. SteemEngine was impressive, but it served as an alternative to SMTs—it didn’t port the EVM. I haven’t yet studied the project mentioned by @roadofrich in depth, but I plan to review it more closely. I also don’t believe the SVM initiative overlaps with MeeRay.

The core challenge lies in the bridge—and specifically, how to make it truly decentralized. Right now, anyone who can deploy a token on EVM-compatible chains can run a bridge service: a user sends STEEM to a designated wallet, and then STEEM is minted on the bridged chain. However, this setup is not decentralized—it relies on trusted intermediaries.

SVM currently faces the same limitation. Steem’s permission layer, as it stands, doesn’t offer a clear path toward a fully permissionless bridge. My vision for SVM is an entirely EVM-compatible layer—which I don’t believe MeeRay is, or can realistically become.

The critical question remains: How can we achieve a trustless bridge? Once assets are inside SVM, the system becomes 100% permissionless, enabling integrations with Chainlink, IBC, and other decentralized infrastructure. But getting assets into SVM in a trustless way is the missing piece.